October 3, 2009
Dear SEC,
I think you should ban flash orders and high frequency trading period. Both allow large investment firms to make a lot of money at the expense of individual investors. Both practices are about who has the best algorithms regardless of impact on the rest of the market. I would venture that the increase in volatility in the market is due to these practices.
Please return the exchanges to their normal practice of serving as exchanges for individual investors and not ATMs for the big firms.
Thank you.